Q4 2024 WidePoint Corp Earnings Call

Written by Emily J. Thompson, Senior Investment Analyst

WYY-1.45%

Source: Yahoo Finance

Updated: Apr 17 2025

0mins

Source: Yahoo Finance

Financial Performance: WidePoint Corp reported a 35% increase in revenue for 2024, totaling approximately $142.6 million, with significant growth in both federal and commercial contracts, while achieving positive adjusted EBITDA for the 30th consecutive quarter.
Strategic Developments: The company achieved FedRAMP authorization for its Intelligent Technology Management System, enhancing its market position and opening new contract opportunities, while planning to expand partnerships and commercialize new solutions like MobileAnchor and M365 Analyzer in 2025.

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WYY

$6.8+Infinity%1D

Analyst Views on WYY

Wall Street analysts forecast WYY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WYY is 9.00 USD with a low forecast of 9.00 USD and a high forecast of 9.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

1 Analyst Rating

1 Buy

0 Hold

0 Sell

Moderate Buy

Current: 6.900

Low

9.00

Averages

9.00

High

9.00

Current: 6.900

Low

9.00

Averages

9.00

High

9.00

H.C. Wainwright

Scott Buck

Buy

upgrade

$7 -> $9

2025-10-31

Reason

H.C. Wainwright

Scott Buck

Price Target

$7 -> $9

AI Analysis

2025-10-31

upgrade

Buy

Reason

H.C. Wainwright analyst Scott Buck raised the firm's price target on WidePoint to $9 from $7 and keeps a Buy rating on the shares. The company's $40.0M to $45.0M contract to deliver the FedRAMP-Authorized ITMS command center platform for a leading global telecom carrier should be margin-accretive, the analyst tells investors in a research note.

WestPark Capital

initiated

$9

2025-10-01

Reason

WestPark Capital

Price Target

$9

2025-10-01

initiated

Reason

WestPark Capital initiated coverage of WidePoint with a Buy rating and $9 price target.

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About WYY

WidePoint Corporation is a technology managed solution provider. Its technology management as a service (TMaaS) framework combines its core capabilities into a single secure comprehensive enterprise-wide solution set that offers its customers the ability to securely enable and manage their mobile information technology (IT) and telecommunication assets. Its managed services include telecom lifecycle management, mobile and identity management, digital billing and unified communications analytics solutions and IT as a service. It offers comprehensive telecom lifecycle management solutions to enterprises both in the public and the private sectors. It also offers mobile security solutions that protect users, devices, and corporate resources. It offers interactive billing communications and analytics solutions to large communications service providers. It provides an IT as a service offering (ITaaS), including cybersecurity, cloud services, network operations, and professional services.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.